Hedge funds lose faith in oil before Harvey hits demand center

Hedge funds lose faith in oil before Harvey hits demand center

02.09.2017

Oil prices are dropping and gasoline prices are rising because of Tropical Storm Harvey's impact on Texas , when the two usually move in concert. "My hope has been that as investors were given further evidence of inventory draw-downs, both in the OECD and in the US, that you would have seen that expressed in a higher spot and higher strip price for oil", Eric Nuttall, senior portfolio manager with SPR & Co, the interim holding company following Sprott Asset Management's recent ...

HPE Closes $8.8B Software Spinoff Deal with Micro Focus

HPE Closes $8.8B Software Spinoff Deal with Micro Focus

02.09.2017

The company announced a dividend for shareholders to be paid on Wednesday the 4th of October 2017. The firm has "Buy" rating by Deutsche Bank given on Thursday, June 9. Following the completion of the sale, the chief executive officer now owns 830,251 shares of the company's stock, valued at $13,873,494.21. Wells Fargo & Mn holds 0.21% of its portfolio in Mastercard Inc (NYSE:MA) for 5.70 million shares.

All-new Dacia Duster shown ahead of Frankfurt debut

All-new Dacia Duster shown ahead of Frankfurt debut

02.09.2017

The Romanian auto maker, which is owned by the French marque has announced it will reveal the hugely popular crossover at the upcoming Frankfurt motor show on September 12. The 2018 Dacia Duster sports a 1.2-liter petrol engine variant and a 1.5-liter diesel engine. Compared to its predecessors, the new model offers enhanced comfort, with a completely new interior with quality materials and a few pieces of new equipment.

Smart Vision EQ set to be electric city auto of the future

Smart Vision EQ set to be electric city auto of the future

02.09.2017

Daimler's city-car brand, smart, has shown its hand on urban mobility with a preview of the "vision EQ fortwo" concept auto before its official unveiling at the Frankfurt motor show in two weeks. A graphic within the headlamps mimics the blinking of an eye when passengers approach, while the grille can display messages to prospective car-sharing customers, for example.

Uber's New CEO Is Aiming For An IPO By 2020 Or Sooner

Uber's New CEO Is Aiming For An IPO By 2020 Or Sooner

02.09.2017

It took Uber's board almost 70 days to settle on a new CEO after the resignation of its co-founder and former CEO Travis Kalanick. Okerstrom, now chief financial officer and executive vice president of operations, will also join Expedia's Board of Directors.

Mexico braced for potential end to NAFTA, says trade group

Mexico braced for potential end to NAFTA, says trade group

02.09.2017

Maine's Republican governor reassured Canadian leaders Monday that President Donald Trump "truly believes" in having free trade and they shouldn't read too much into what they hear. Both nations must work together to meet the challenge of reducing cross-border drug trafficking and violence, the foreign ministry said. The key question concerns whether the United States is ultimately looking for a modernized, updated agreement overall or, for political purposes, will insist on terms that the ...

RBI report on demonetisation: Watch four best HT videos on the issue

RBI report on demonetisation: Watch four best HT videos on the issue

02.09.2017

On November 8, the Modi government kicked off a massive demonetisation exercise in a move that was aimed at curbing black money , fake currency and corruption. Rhetoric: Demonetisation will result in at least Rs 3 lakh crore not returning in the system (as it may be destroyed) by the tax evaders because they won't be able to account for it.

Your much-loved Palm Pilot is making a comeback

Your much-loved Palm Pilot is making a comeback

02.09.2017

It comes with 64GB inbuilt storage, which can be expanded via a microSD card up to 2TB. First countries that will get the Blackberry Keyone Black Edition are the UK, Germany, France, Canada, UAE, Saudi Arabia and Japan. We said in our full review that the KEYone was lacking in the RAM department, making it hard to switch between apps at times. The phone is now available on Sprint and AT&T, but it's done well as an unlocked phone on Amazon and Best Buy , said Jason Gerdon, ...

Oil prices gyrate as market grapples with USA hurricane damage

02.09.2017

Motiva's move to cut back operations follows ExxonMobil's decision to shut down its oil refinery in Baytown, Texas on Sunday. "In response to the impacts from hurricane Harvey , the US Secretary of Energy has authorised the Strategic Petroleum Reserve (SPR) to negotiate and execute an emergency exchange agreement with the Phillips 66 Lake Charles Refinery", DOE spokeswoman Jessica Szymanski said on Friday.

Best Buy Apologizes For High Cost Of Water In Houston After Harvey

Best Buy Apologizes For High Cost Of Water In Houston After Harvey

02.09.2017

The company was quickly ridiculed on social media with hundreds of people asking Best Buy to explain themselves. Multiplication led to an inflated figure. The Best Buy location where the photo was taken is now closed because of the storm. In Texas, overcharging leads to a $20,000 fine in most cases, with a $250,000 fine for any company that gouges a senior citizen on everyday essentials.